Tencent has finally come out of a prolonged freeze on game approvals as Beijing granted licenses to two of its mobile games this month.
According to a notice published by China’s State Administration of Press, Publication, Radio, Film and Television on January 24, Tencent is one of nearly 200 games assigned licenses in January.
News - Firm - Share - Price - Plummet
That’s big news for the Shenzhen-based firm which has seen its share price plummet in the past months because the licensing halt crippled its ability to generate gaming revenues. Tencent is best known for its immensely popular WeChat messenger, but gaming makes up a bulk of its earnings.
China resumed its game approval process in December after a nine-month hiatus...